Deutsche Bank Sees Urban Outfitters (URBN) Missing Q4 EPS, But Raises Target and Keeps 'Buy' Rating
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Price: $77.81 +2.11%
Rating Summary:
15 Buy, 26 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 26 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank boosted its price target on Urban Outfitters, Inc. (NASDAQ: URBN) from $30 to $32 ahead of earnings on Monday, March 12. They firm also maintained their Buy rating.
The firm notes with sales already announced, results will focus around gross margin and the degree to which promotions were used to clear product. While management said inventories ended the quarter "clean," Deutsche Bank suspect this came at a higher cost than consensus anticipates.
They cut Q4 EPS estimates to $0.25 versus the consensus of $0.30. That said, the firm said the rebound in the stock since CEO Senk's mid-Jan. departure "has been more about anticipating positive contributions from a new (again) mgmt. team in 2H12/2013."
For an analyst ratings summary and ratings history on Urban Outfitters, Inc. click here. For more ratings news on Urban Outfitters, Inc. click here.
Shares of Urban Outfitters, Inc. closed at $28.24 yesterday.
The firm notes with sales already announced, results will focus around gross margin and the degree to which promotions were used to clear product. While management said inventories ended the quarter "clean," Deutsche Bank suspect this came at a higher cost than consensus anticipates.
They cut Q4 EPS estimates to $0.25 versus the consensus of $0.30. That said, the firm said the rebound in the stock since CEO Senk's mid-Jan. departure "has been more about anticipating positive contributions from a new (again) mgmt. team in 2H12/2013."
For an analyst ratings summary and ratings history on Urban Outfitters, Inc. click here. For more ratings news on Urban Outfitters, Inc. click here.
Shares of Urban Outfitters, Inc. closed at $28.24 yesterday.
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